Respuesta :
Answer:
0.9544 = 95.44% probability of the resulting sample proportion being within .04 of the true proportion
Step-by-step explanation:
To solve this question, we need to understand the normal probability distribution and the central limit theorem.
Normal Probability Distribution:
Problems of normal distributions can be solved using the z-score formula.
In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.
Central Limit Theorem
The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].
For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.
For a proportion p in a sample of size n, the sampling distribution of the sample proportion will be approximately normal with mean [tex]\mu = p[/tex] and standard deviation [tex]s = \sqrt{\frac{p(1-p)}{n}}[/tex]
20% of the residents in a certain state support an increase in the property tax. Sample of 400.
This means that [tex]p = 0.2, n = 400[/tex]
Mean and standard deviation:
Mean [tex]\mu = p = 0.2[/tex]
Standard deviation [tex]s = \sqrt{\frac{p(1-p)}{n}} = \sqrt{\frac{0.2*0.8}{400}} = 0.02[/tex]
How likely is the resulting sample proportion to be within .04 of the true proportion (i.e., between .16 and .24)?
This is the pvalue of Z when X = 0.24 subtracted by the pvalue of Z when X = 0.16. So
X = 0.24
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
By the Central Limit Theorem
[tex]Z = \frac{X - \mu}{s}[/tex]
[tex]Z = \frac{0.24 - 0.2}{0.02}[/tex]
[tex]Z = 2[/tex]
[tex]Z = 2[/tex] has a pvalue of 0.9772
X = 0.16
[tex]Z = \frac{X - \mu}{s}[/tex]
[tex]Z = \frac{0.16 - 0.2}{0.02}[/tex]
[tex]Z = -2[/tex]
[tex]Z = -2[/tex] has a pvalue of 0.0228
0.9772 - 0.0228 = 0.9544
0.9544 = 95.44% probability of the resulting sample proportion being within .04 of the true proportion
